The Court has ruled in favour of HMRC that the interest paid by a UK property investment company under short-term loans was subject to £2.7m withholding tax
Investing in a home office with a garden shed upgrade or working pod makes sense for home workers, but there are a number of tax issues to consider, warns Ian McMonagle, taxation director at Russell & Russell
For non doms it is important to consider the levels of the remittance basis charge and when the application of the deemed domicile rules means that a claim for the remittance basis is no longer possible, warns Croner-i tax writer Laura Burrows
Changes to research and development (R&D) tax credits are due to come into effect in 2023. AAT’s Annie Makoff examines the impact and talks to accountants about potential pitfalls
MPs have been found to be channelling large amounts of money from private consultancy work through personal service companies that may have significantly reduced their tax bills
In this week’s Q&A, Croner Taxwise tax adviser Suzanne Rowland, considers the tax implications for claiming reliefs when subcontracting research and development (R&D) work
The Low Incomes Tax Reform Group (LITRG) is warning taxpayers never to share their Government Gateway username and password details with companies that offer to make tax relief claims on their behalf
Recently released data from HMRC shows that between April and October 2021 HMRC collected a total of £392bn in taxes which is £99.8bn higher than the same period in 2020
HMRC is warning businesses to submit research and development (R&D) claims as soon as possible to avoid a delay in receiving payments between December and January
The government has announced that there will be a tax administration and maintenance day (TAMD) on 30 November to streamline the release of information and improve stakeholder engagement
HMRC has issued guidance on what action to take if a taxpayer has been sent a notice stating that they may be jointly and severally liable for the relevant tax liability of a company that has been involved in tax avoidance or evasion
With the UK’s tax debt more than double pre-pandemic levels, current staffing at HMRC is unlikely to be enough to manage the increased tax debt workload warns National Audit Office (NAO)
Converting a business from sole trader status to incorporated company has some tax advantages, but it is important to consider the interplay of capital gains tax rules, explains Stephanie Webber, tax writer at Croner-i
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